Applicable Unused Line Fee definition

Applicable Unused Line Fee means, as of any date of determination, (i) if Availability is greater or equal to than $22,500,000, 0.375 percentage points, and (ii) if Availability is less than $22,500,000, 0.25 percentage points.

Applicable Unused Line Fee has the meaning ascribed to it in Section 1.3(b).

Applicable Unused Line Fee means 0.30% per annum.

Examples of Applicable Unused Line Fee in a sentence

• The Unused Line Fee shall be, for each day after the Closing Date through the Maturity Date, an amount equal to (a) the difference between (1) the Maximum Amount, and (2) the closing balance of the Loans for such day, multiplied by (b) the Applicable Unused Line Fee Percentage, the product of which is then divided by (c) 360.

• Concurrently with the delivery of those Financial Statements, Borrower Representative shall deliver to Agent and Lenders a certificate, signed by its chief financial officer, setting forth in reasonable detail the basis for the continuance of, or any change in, the Applicable Margins (other than the Applicable Unused Line Fee Margin).

• The Applicable Revolver Index Margin, Applicable Revolver LIBOR Margin, Applicable Term Loan Index Margin, Applicable Term Loan LIBOR Margin, Applicable L/C Margin, and Applicable Unused Line Fee Margin shall be 0.50%, 2.00%, 0.75%, 2.25%, 1.50%, and 0.375% per annum, respectively.

• If any Default or an Event of Default has occurred and is continuing at the time any reduction in the Applicable Margins (other than the Applicable Unused Line Fee Margin) is to be implemented, that reduction shall be deferred until the first day of the first Fiscal Quarter following the date on which all Defaults or Events of Default are waived or cured.

• Borrowers shall pay to Agent, for the Pro Rata benefit of Lenders, a fee equal to the Applicable Unused Line Fee per annum times the amount by which the Revolver Commitments exceed the average daily balance of Revolver Loans and stated amount of Letters of Credit during any month.

More Definitions of Applicable Unused Line Fee

Applicable Unused Line Fee means, as of any date of determination, the applicable amount set forth in the following table that corresponds to the most recent Average Daily Usage calculation determined by Agent (the “Average Daily Usage Calculation”): Level Average Daily Usage Applicable Unused Line Fee I If the Average Daily Usage is less than or equal to $75,000,000 0.375 percentage points II If the Average Daily Usage is greater than $75,000,000 0.25 percentage points The Applicable Unused Line Fee shall be based upon the most recent Average Daily Usage Calculation, which will be calculated by Agent based on Average Daily Usage as of the last day of the applicable fiscal quarter. The Applicable Unused Line Fee shall be re-determined quarterly by Agent and any change to the Applicable Unused Line Fee based on the Average Daily Usage as of the end of any fiscal quarter shall be effective as of the first day of the immediately following fiscal quarter.”

Applicable Unused Line Fee means 0.50% per annum.

Applicable Unused Line Fee means the per annum fee, from time to time in effect, payable in respect to Borrower's non-use of committed funds pursuant to Section 1.9(b), which fee is determined by reference to Section 1.5(a).

Applicable Unused Line Fee means, in respect of any month, the fee determined in accordance with the following grid: Average Monthly Utilization Unused Line Fee Greater than or equal to 66.67% .250% Greater than or equal to 33.33% But less than 66.67% .325% Less than 33.33% .375%

Applicable Unused Line Fee means (a) through September 30, 2011, one percent (1.0%) per annum and, and (b) thereafter, a per annum rate determined based on Parent's Applicable Xxxxx'x Rating and Parent's Applicable S&P Rating as of the last day of each calendar quarter commencing September 30, 2011: Xxxxx 0 Xxxxx 0 Xxxxx 0 Xxxxx 0 Xxxxx 5 Status Status Status Status Status Unused Line 0.50% 0.50% 0.75% 0.75% 1.00% Fee The Applicable Unused Line Fee will be determined based on Parent’s Status as of the close of business on any Date of Determination. As of October 15, 2010, Parent’s Status is a Level 4 Status and the Unused Line Fee will not change until the third Business Day after any future Dates of Determination based on Parent’s Status at such times.

Applicable Unused Line Fee. Percentage” means 0.25%. Schedule 1.1 - 2 ACTIVE 682292377v9

Applicable Unused Line Fee. Percentage shall mean the percentage per annum set forth below opposite the respective Level (i.e., Level 1 or Level 2, as the case may be) of Average Revolver Usage for the calendar month most recently ended (or, for the first payment of the Unused Line Fee under Section 4.6, for the period commencing on the Initial Borrowing Date and ending on the last day of the calendar month in which the Initial Borrowing Date occurred); provided that the Applicable Unused Line Fee Percentage shall not change until five (5) Business Days after the end of such calendar month (or shorter period). Level Average Revolver Usage Unused Line Fee Level 1 Less than 50% 0.375 % Level 2 Equal to or greater than 50% 0.250 % Notwithstanding anything to the contrary contained above in this definition, Level 1 pricing shall apply at all times during which there shall exist any Default or Event of Default (it being understood that after all Defaults and Events of Default have been cured, the applicable pricing level shall be determined as otherwise provided above in this definition). Assignment and Assumption Agreement shall have the meaning given to such term in Section 11.6(b)(A).